Charles Stanley has said it will no longer apply VAT to its Managed Portfolio Service (MPS) across its dynamic passive, blended and multi-manager models.

Following external guidance, Charles Stanley has been working with its platform partners to remove VAT from its products, effective from 1 March 2021.

This means charges on its MPS will be around 20bps, while total charges will start at 30bps.

The wealth management has also partnered with MSCI. This means its full range of model portfolios in its MPS will be ESG rated.

Sean Osborne, head of national accounts, said:  “This exceptional value, c...